Illinois General Assembly - Bill Status for HB4055

Amends the Illinois Police Training Act. Provides that, subject to appropriation, 40% of the amount deposited into the Traffic and Criminal Conviction Surcharge Fund is allocated to the Department of State Police and 60% of the Fund is allocated to the Illinois Law Enforcement Training Standards Board. Provides that the Department of State Police may use such moneys for ordinary, contingent, and capital development expenses; grants to fund community policing; the Illinois State Police Academy; and the training of State or local governmental employees. Provides that the Board may use such moneys for: supplemental expenditures under the Law Enforcement Officer's Training Act; grants in-aid to State and local law-enforcement agencies; law enforcement research and technical assistance; training programs; reform programs; and enhanced crime detection and prevention. Provides that the Secretary of Financial and Professional Regulation shall collect an annual Law Enforcement Revitalization and Public Protection Surcharge from insurance companies classified to do business in the State under Classes 2 and 3 of Section 4 of the Illinois Insurance Code. The surcharge is 1% of the premiums written and of the credit receipts for premiums written in Illinois during calendar year 2006 and thereafter. From July 1, 2005 through December 31, 2005, the surcharge is 2%. A company shall remit the surcharge based on its Property/Casualty Quarterly report to NAIC. An entity that refuses or neglects to pay the surcharge when due is liable for a penalty of 10% of the deficiency for each month there is an unpaid balance. The Department may revoke the license of any entity that violates these requirements and enforce collections by legal action. To recoup collection costs, the Department receives 2% of all moneys collected. Provides that this 2% is transferred to the Illinois Insurance Financial Regulation Fund. Effective July 1, 2005.

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